Umbulan Drinking Water Treatment System

Active

Umbulan Drinking Water Treatment System is a potable water project located about 60 km south of the Surabaya Municipality in East Java, Indonesia. It includes a new water treatment plant, a 106 km transmission pipeline with 4,000 liters per second capacity and a reservoir. The system will supply drinking water to 260,000 houses (1.3 million people) in East Java. Concession agreement was granted after a competitive bidding process launched by Indonesia’s Housing and Public Works Ministry. PT Meta Adhya Tirta Umbulan consortium, comprising Medco Energi Internasional and Bangun Cipta Kontraktor, was selected as preferred bidder. The project is being procured on a 25-year build, operate, transfer (BOT) concession. The Finance Ministry will provide viability gap funding of Rp 818 billion ($61.2 million). Indonesia Infrastructure Finance and Sarana Multi Infrastruktur are the lenders for the project. The Indonesia Infrastructure Guarantee Fund is providing a guarantee for the Public Works’ Ministry’s obligations under the contract agreement. Financial closure occurred on January 9, 2017. Total investment is estimated at $157.2 million and is being funded by debt of $96 million and Viability Gap funding of $61.2 million provided by the Finance Ministry. Construction is expected to be completed in mid-2019. https://ijglobal.com/data/transaction/22738/umbulan-drinking-water-treatment-system-ppp https://ijglobal.com/articles/104152/indonesia-water-treatment-system-ppp-reaches-financial-close Medco Energi Internasional and Bangun Cipta Kontraktor are the sponsors, to be added to the list;